Crypto investors bridged $120 million to Solana from competing blockchains, but technical data suggests SOL price will struggle to hold its recent gains.
Over the past 30 days, crypto market participants have bridged more than $120 million in liquidity to Solana (SOL) from other blockchains, signaling renewed confidence in the network. Traders transferred the highest amount from Ethereum (ETH) at $41.5 million, followed by a $37.3 million influx from Arbitrum, according to data from Debridge.
Meanwhile, users on Base, BNB Chain and Sonic moved $16 million, $14 million and $6.6 million, respectively.
Total transferred amount from other chains to Solana. Source: debridge
